Revenue is not just a number, it is also an important proof of real demand. What I noticed in @turtledotxyz Q3 report is that the tools they have developed are now being used by outside businesses as well. According to Turtle Q3 update, Turtle and Lunar Strategy combined generated $1.04M in revenue. This account is cash in basis and net of intercompany. More importantly, Hare and Lunar Strategy are the first two outside businesses to use Turtle's tools. This means that the turtle's infrastructure is now being used for practical purposes beyond their own ecosystem. In my opinion, both the use of external teams and real revenue are important advances for a liquidity distribution protocol. Check out Turtle Q3 report.
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